Topic: The stock market
+👊🇺🇸🔥 — 10 months ago #68,032
Idk why, I actually kinda wanted to see the stock market go down.
+Anonymous B — 10 months ago, 23 minutes later[T] [B] #673,782
Schadenfreude? The combined effects of gutting necessary operational infrastructure, research and aid with the collapsing of the markets means everyone will suffer unnecessarily regardless of class. Crashing the market seems like scorchED earth policy since there's no way we recover as the propagandists imagine.
(Edited 8 minutes later.)
+Anonymous C — 10 months ago, 1 day later, 1 day after the original post[T] [B] #673,852
It was unnecessary and manufacturing is being lost. The tariffs are also illegal. IEEPA is only for a national emergency and '74 trade act requires a threat, in this case the pretext of curbing fennel smuggling. Now countries with no tariff are being tariffed under the pretext of reciprocity. Con gress is supposed to handle trade under the Commerce and Impost clauses. The lawless one is doing it wrong. Our former allies weren't a threat.
+Anonymous D — 9 months ago, 6 days later, 1 week after the original post[T] [B] #674,011
we are in sajberwarfare era atm
+Anonymous E — 9 months ago, 9 hours later, 1 week after the original post[T] [B] #674,017
Cyber warfare won't work selling Americans on nostalgia for the industrial revolution as the unnecessary trade war cripples the tech revolution, the treasuries selloff from becoming a risky investment weakens the dollar and non-govt subsided farms and businesses are killed by inability to re/cover overhead cost.. I guess psyops work on the victims of Foxpaganda cos they're so demoralized but the volatility will erode the propagandist's credibility even among the most credulous cultist. If trust and stability and the rule of law are restored then the a global stock correction can happen. "A rising tide lifts all boats."
+Anonymous F — 9 months ago, 31 minutes later, 1 week after the original post[T] [B] #674,019
I want stock markets to go down too because it'll help me dca on the dhhf stock I've been pumping 2k into every month for 3 years now.
·Anonymous E — 9 months ago, 2 hours later, 1 week after the original post[T] [B] #674,020
On the plus side, a lot of folks are getting a long overdue civics and economics lessons. The overused strawman fallacy is finally losing its power. Also, mercantilism is a relic incompatible with a stable global economy so I don't buy their pretext for the trade war.
+ducky !MwWb.dJjRc — 9 months ago, 3 hours later, 1 week after the original post[T] [B] #674,024
its a stock market thats 4 sure
+Anonymous H — 9 months ago, 4 days later, 1 week after the original post[T] [B] #674,188
Tariff Trump gonna crash the USA economy
+Anonymous I — 9 months ago, 3 minutes later, 1 week after the original post[T] [B] #674,192
+Anonymous J — 9 months ago, 7 hours later, 1 week after the original post[T] [B] #674,222
The contraction is underway, but 1929 part deux won't be as devastating as the original since the industrialized world created post WWII can reconfigure more readily, but the bond market determines the value of the dollar so the selloff by foreign investors will hinder US recovery. When the supply chain is unencumbered by consumer levies and if faith in the dollar is restored, then recovery is possible.
+Anonymous K — 2 weeks ago, 9 months later, 9 months after the original post[T] [B] #678,536
Cracks begin to appear at the biggest U.S. banks
Several reported broadly disappointing quarterly earnings this week
ROB COPELAND
For a year, Wall Street's dominant theme has been the so-called K-shaped economy in which the well-to-do have powered financial activity despite lower earners' struggles
This week, the country's largest banks reported a broadly disappointing set of quarterly earnings, marking the first stumble after a yearlong spree of rising markets and softening regulations paid off handsomely for the finance set.
Results at Bank of America Corp. Citigroup Inc. JPMorgan Chase & Co. and Wells Fargo & Co. all fell short of expectations and their shares fell. Troubles ranged from delayed merger deals (JPMorgan) to stubborn expenses (Citi) to questions about the efficacy of artificial-intelligence tools (Bank of America). Banks that do business largely with rich individuals and corporations, such as Goldman Sachs Group Inc. and Morgan Stanley, fared comparatively better.
Results from major lenders are watched because they contain hints about the state of the economy and American consumers.
Wells Fargo chief executive Charles Scharf said his organization had not seen a "meaningful" shift among the customer data it collects, including chequing account flows, direct deposit amounts, overdraft activity and payments. Another Wells Fargo executive described "very consistent activity."
Wells Fargo's quarterly results disappointed for a different reason: lower-than-expected profits, in part because mortgage lending stayed weak in a slow housing market. The bank's stock saw its steepest fall in six months.
For another quarter, Trump ad ministration policies loomed large. This time, the banks were asked about President Donald Trump's threatened 10-per-cent cap on credit card interest rates Although it's not clear how or if Mr. Trump could unilaterally impose that ceiling, bankers mostly argued that charging lower rates would cause them to lend less to riskier borrowers.
Jeremy Barnum, JPMorgan's chief financial officer, was candid about what a cap would mean for the bottom line. "It would obviously be bad for us." he said.
Brian Moynihan, Bank of America's CEO, kicked off 2025 by being publicly dressed down by Mr. Trump in a Davos, Switzer land, interview, and the lender's stock lagged its rivals for much of the year.
On Wednesday, Wall Street analysts repeatedly prodded Mr Moynihan and his chief financial officer during a question-and-answer seesion about why the bank expenses (including head count) remained high despite purported efficiency improvements, as well as its relatively slow pace of growth. Mr Moynihan eventually conceded in response : "You should expect us to get back on a streak." Shares dropped anyway.
Banks are not typically seen as on the cutting edge of technology, and Wall Street has been more eager to lend into the AI boom than to talk specifics about how it may change their own businesses.
Bank of America said its much-promoted 'virtual financial assistant,' nicknamed Erica, was used less than before by customers in the fourth quarter. Executives tempted to argue that this was a sign the bank was doing a better job warding off questions before they even needed to be asked.
Goldman Sachs on Thursday said it was debuting 'a new operating model propelled by artificial intelligence.'
There are reasons for optimism on Wall Street. Investment bank traders took advantage of strong financial markets to bolster profits. AI in mergers and acquisitions is also a boon to dealmakers.
And for all of this week's angst, large bank stocks are up strongly over the past 12 months, even after the recent stumble.
Several reported broadly disappointing quarterly earnings this week
ROB COPELAND
For a year, Wall Street's dominant theme has been the so-called K-shaped economy in which the well-to-do have powered financial activity despite lower earners' struggles
This week, the country's largest banks reported a broadly disappointing set of quarterly earnings, marking the first stumble after a yearlong spree of rising markets and softening regulations paid off handsomely for the finance set.
Results at Bank of America Corp. Citigroup Inc. JPMorgan Chase & Co. and Wells Fargo & Co. all fell short of expectations and their shares fell. Troubles ranged from delayed merger deals (JPMorgan) to stubborn expenses (Citi) to questions about the efficacy of artificial-intelligence tools (Bank of America). Banks that do business largely with rich individuals and corporations, such as Goldman Sachs Group Inc. and Morgan Stanley, fared comparatively better.
Results from major lenders are watched because they contain hints about the state of the economy and American consumers.
Wells Fargo chief executive Charles Scharf said his organization had not seen a "meaningful" shift among the customer data it collects, including chequing account flows, direct deposit amounts, overdraft activity and payments. Another Wells Fargo executive described "very consistent activity."
Wells Fargo's quarterly results disappointed for a different reason: lower-than-expected profits, in part because mortgage lending stayed weak in a slow housing market. The bank's stock saw its steepest fall in six months.
For another quarter, Trump ad ministration policies loomed large. This time, the banks were asked about President Donald Trump's threatened 10-per-cent cap on credit card interest rates Although it's not clear how or if Mr. Trump could unilaterally impose that ceiling, bankers mostly argued that charging lower rates would cause them to lend less to riskier borrowers.
Jeremy Barnum, JPMorgan's chief financial officer, was candid about what a cap would mean for the bottom line. "It would obviously be bad for us." he said.
Brian Moynihan, Bank of America's CEO, kicked off 2025 by being publicly dressed down by Mr. Trump in a Davos, Switzer land, interview, and the lender's stock lagged its rivals for much of the year.
On Wednesday, Wall Street analysts repeatedly prodded Mr Moynihan and his chief financial officer during a question-and-answer seesion about why the bank expenses (including head count) remained high despite purported efficiency improvements, as well as its relatively slow pace of growth. Mr Moynihan eventually conceded in response : "You should expect us to get back on a streak." Shares dropped anyway.
Banks are not typically seen as on the cutting edge of technology, and Wall Street has been more eager to lend into the AI boom than to talk specifics about how it may change their own businesses.
Bank of America said its much-promoted 'virtual financial assistant,' nicknamed Erica, was used less than before by customers in the fourth quarter. Executives tempted to argue that this was a sign the bank was doing a better job warding off questions before they even needed to be asked.
Goldman Sachs on Thursday said it was debuting 'a new operating model propelled by artificial intelligence.'
There are reasons for optimism on Wall Street. Investment bank traders took advantage of strong financial markets to bolster profits. AI in mergers and acquisitions is also a boon to dealmakers.
And for all of this week's angst, large bank stocks are up strongly over the past 12 months, even after the recent stumble.
+Peking Duck MSG — 2 weeks ago, 3 hours later, 9 months after the original post[T] [B] #678,548
> Jeremy Barnum, JPMorgan's chief financial officer
LOL
LOL
+Anonymous M — 1 week ago, 6 days later, 9 months after the original post[T] [B] #678,637
Stock market isn't the "real" economy though; it's more like art trading with old famous paintings.+Anonymous N — 1 week ago, 3 hours later, 9 months after the original post[T] [B] #678,645
I think I'm done following finance news, insane depreciation schedules for GPUs, no revenue to speak of, and insane CapEx (trillions$$$)... AI is gonna implode and wreck the market anyway.